Söderport Properties AB, which Hemfosa Fastigheter owns equally with AB Sagax, has signed an agreement for the renovation and refurbishment of sections of Volvo Cars’ office and business premises in Torslanda. In connection with this, the leases have been renewed.

Söderport is expected to invest MSEK 110 in the premises. The leases have been renewed until 2025 and 2028, respectively. Future rental value amounts to MSEK 770.

Söderport acquired the properties from the Volvo Group in March 2014.

For further information, please contact:

Jens Engwall, CEO, [email protected], mobile +46 (0)70-690 6550, Switchboard +46 8 448 04 80